Inv Vk Mun Tr (NYSE:VKQ) Plans Monthly Dividend of $0.06

Inv Vk Mun Tr (NYSE:VKQ) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.0628 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Tuesday, February 17th.

Inv Vk Mun Tr Price Performance

VKQ traded up $0.02 during trading on Tuesday, hitting $9.80. 79,210 shares of the company traded hands, compared to its average volume of 183,701. Inv Vk Mun Tr has a one year low of $8.86 and a one year high of $10.18. The stock’s fifty day moving average is $9.66 and its 200 day moving average is $9.51.

Insider Buying and Selling

In other news, Portfolio Manager Timothy M. O’reilly acquired 5,200 shares of Inv Vk Mun Tr stock in a transaction on Wednesday, November 5th. The stock was acquired at an average cost of $9.62 per share, with a total value of $50,024.00. Following the completion of the acquisition, the portfolio manager owned 10,747 shares in the company, valued at approximately $103,386.14. This trade represents a 93.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VKQ. Advisory Services Network LLC purchased a new stake in Inv Vk Mun Tr during the third quarter valued at about $36,000. Trust Co. of Toledo NA OH bought a new stake in Inv Vk Mun Tr during the 2nd quarter valued at $38,000. Wolverine Asset Management LLC purchased a new stake in shares of Inv Vk Mun Tr during the second quarter worth $80,000. Perennial Investment Advisors LLC bought a new position in shares of Inv Vk Mun Tr in the third quarter worth $107,000. Finally, Choreo LLC purchased a new position in shares of Inv Vk Mun Tr in the fourth quarter valued at $124,000. Institutional investors own 32.00% of the company’s stock.

About Inv Vk Mun Tr

Invesco Municipal Income Trust (NYSE: VKQ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities, counties and territories. As a tax-advantaged vehicle, the trust offers investors access to the municipal bond market through a diversified portfolio managed by seasoned fixed income professionals.

The trust generally allocates at least 80% of its assets to investment-grade municipal securities, although it may invest in lower-rated obligations when deemed appropriate by its management team.